PINS insider Silbermann reports conversions, RSU disposition on 10/01/2025
Rhea-AI Filing Summary
Benjamin Silbermann, a director and reported 10% owner of Pinterest, Inc. (PINS), filed a Form 4 disclosing transactions on 10/01/2025. The filing shows the conversion of 8 shares of Class B common stock into Class A common stock in connection with sales effected under a Rule 10b5-1 trading plan. The report also records the sale of 8 Class A shares at $31.86 and the disposition of 8,414 previously reported RSUs (noting those RSUs remain subject to vesting). The filing states the trades were executed under a trading plan adopted on December 13, 2024, and disclaims beneficial ownership of certain shares held by SFTC, LLC and the Silbermann 2012 Irrevocable Trust except to the extent of any pecuniary interest.
Positive
- Transactions executed under a Rule 10b5-1 trading plan adopted on December 13, 2024
- Clear disclosure of conversions, sales, RSU status, and ownership disclaimers
Negative
- Sale of 8 Class A shares at $31.86 reported on 10/01/2025
- Disposition of 8,414 previously reported RSUs (noted as subject to vesting)
Insights
Insider used a Rule 10b5-1 plan to convert and sell small holdings on 10/01/2025.
The Form 4 shows a planned conversion of 8 Class B shares into Class A shares and a reported sale of 8 Class A shares at $31.86, executed under a Rule 10b5-1 trading plan adopted on December 13, 2024. The filing also records the disposition of 8,414 previously reported RSUs that remain subject to vesting.
This is a routine disclosure that confirms transactions were pre-planned and includes the reporting person’s disclaimers regarding shares held by SFTC, LLC and the Silbermann 2012 Irrevocable Trust. The facts disclosed are transparent and consistent with required Section 16 reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 8 | $0.00 | -- |
| Conversion | Class A Common Stock | 8 | $0.00 | -- |
| Sale | Class A Common Stock | 8 | $31.86 | $254.88 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents the conversion of shares of Class B Common Stock, par value $0.00001 ("Class B Common Stock") into Class A Common Stock, par value $0.00001 ("Class A Common Stock"), in connection with the sale of such shares pursuant to a Rule 10b5-1 trading plan. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 13, 2024. Represents previously reported RSUs that are subject to vesting requirements. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of the Class A Common Stock. Additionally, each share of Class B Common Stock will, subject to certain exceptions, convert automatically into one share of Class A Common Stock upon any transfer, and in other circumstances as outlined in the Issuer's Certificate of Incorporation. Mr. Silbermann disclaims beneficial ownership of the shares held by the SFTC, LLC, a Delaware limited liability company owned by The Silbermann 2012 Irrevocable Trust. This report shall not be deemed an admission that he is the beneficial owner of such shares, except to the extent of his pecuniary interest, if any, in such shares by virtue of certain of his immediate family members' interests in The Silbermann 2012 Irrevocable Trust.
